1 / 16
+11 photosLuxury estate — 2922 N State Road 7 · Margate
South Florida Luxury Living
Property Magazine
Your home in print
A magazine dedicated to 2922 N State Road 7, Margate, FL 33063
Dedicated to you and your family.
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance. Sign in or create a free account and the same edition is rewritten around your household — the schools your children would attend, the boat you keep, the routes you actually drive.
Open property magazine$7,250,000
2922 N State Road 7, Margate, FL 33063
Margate, FL, 33063
— bd · — ba · 20,714 sqft
Listed by RE/MAX 5 Star Realty
2922 N State Road 7, Margate, FL 33063
Listed by RE/MAX 5 Star Realty
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Estimated monthly payment
$56,451/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $56,451/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesThis prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential. This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
723 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $56,451/mo
2922 N State Road 7, Margate, FL 33063 · Margate
Location
2922 N State Road 7, Margate, FL 33063
What buyers ask about this home
What are the estimated monthly carrying costs at 2922 N State Road 7, Margate, FL 33063?+
Property tax (after sale): $12,592/month est.; homeowners insurance: $6,240/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $18,832/month est. Principal and interest: $37,619/month; PMI: $0/month. Total for the payment scenario shown: $56,451/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 2922 N State Road 7, Margate, FL 33063?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 2922 N State Road 7, Margate, FL 33063 need flood insurance, and what drives the premium?+
Most of Margate sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 2922 N State Road 7, Margate, FL 33063?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 2922 N State Road 7, Margate, FL 33063?+
This listing has been on the market 723 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Margate, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Zone boundaries published by Broward County Public Schools.
Other options for this address
Renaissance Charter School At Coral Springs
Elementary · Charter · Grades PK–8 · Coral Springs
Somerset Academy Riverside Charter Middle School
Middle school · Charter · Grades 6–8 · Coral Springs
Abundant Life Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Margate
Zimmerman School House Dba Lion Star Academy
Pre-K & Kindergarten · Private · Grades 3–12 · Coral Springs
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
$7,250,000 · MLS A11697393
$7,250,000
2922 N State Road 7
5433 NW 27TH Street 5433, Margate, FL 33063
Listed by Premiere Homes Realty Inc
CELEBRATION POINTE
3 bd · 3 ba · 1,642 sq ft
$480,000
View details
6518 CORAL LAKE Drive 206, Margate, FL 33063
Listed by Realty 100
CORAL GATE X CONDO
2 bd · 2 ba · 990 sq ft
$180,000
View details
6501 Coral Lake Drive 101, Margate, FL 33063
Listed by Wynmoor Real Estate, LLC
CORAL GATE X CONDO
2 bd · 2 ba · 1,090 sq ft
$189,000
View details
5599 Courtyard Drive, Margate, FL 33063
Listed by Douglas Elliman
COURTYARD CONDOMINIUMS
2 bd · 2 ba · 970 sq ft
$215,000
View details
2580 NW 62nd Avenue, Margate, FL 33063
Listed by City Realty Partners, Inc
NORTH MARGATE
5 bd · 2 ba · 2,000 sq ft
$519,900
View details
5114 NW 27TH Court, Margate, FL 33063
Listed by Florida's Best Realty Services
CORAL GATE SECTION TWO
3 bd · 2 ba · 1,789 sq ft
$519,999
View details